Regional housing update

Completions in Regional NSW (excluding Greater Sydney and Central Coast regions) remain strong with 16,177 new homes completed in the 12 months to March 2017, while housing approvals were also steadfast at 16,484 in the 12 months to May 2017.

In the past five years, completions in regional NSW have gone up by 43 per cent showing strength in the housing supply pipeline.

In the 12 months to March 2017, 70 per cent of annual completions were for detached houses and 30 per cent were for multi-units.

The Central Coast leads with the highest number of approvals among all LGAs, while the Hunter saw the highest approvals of all regions.